Informed sources said that Uber Technologies for passenger services via smart phone applications, is planning to launch an initial public offering of shares in next April.
The sources added that Uber will issue the required public disclosure next month, known as the S-1, and launch a promotional offer to attract investors, according to Reuters.
The timing of the IPO means that Uber will knock on the doors of the market shortly after its smaller competitor completes its initial public offering, which is expected to happen by the end of March, according to sources. p>
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